Sunshine 100 Raises $258 Million from IPO

HONG KONG—Sunshine 100 China Holdings Ltd., in which U.S. private-equity firm Warburg Pincus has a stake, has raised US$258 million in an initial public offering after pricing the deal at the low end of its price range, people familiar with the situation said Thursday.

The real estate company sold 500 million shares at 4 Hong Kong dollars ($0.52) a piece, or the low end of its indicative price range of HK$4.0 HK$4.80.